Segment Information

9 Months Ended

Jan. 28, 2012

Segment Information

Note 11: Segment Information

Our reportable operating segments are the Upholstery Group, the Casegoods Group and the Retail Group. 

Upholstery Group. The Upholstery Group consists of three operating units, La-Z-Boy, England and Bauhaus. This group manufactures or imports upholstered furniture. Upholstered furniture includes recliners and motion furniture, sofas, loveseats, chairs, ottomans and sleeper sofas. The Upholstery Group sells directly to La-Z-Boy Furniture Galleries ® stores, operators of Comfort Studios, major dealers and other independent retail customers.

Casegoods Group. The Casegoods Group consists of two operating units, American Drew, Lea and Hammary; and Kincaid. This group sells imported or manufactured wood furniture to furniture retailers. Casegoods product includes bedroom, dining room, entertainment centers, accent pieces and some coordinated upholstered furniture. The Casegoods Group sells to major dealers and other independent retail customers. 

Retail Group. The Retail Group consists of 84 company-owned La-Z-Boy Furniture Galleries® stores in nine primary markets. The Retail Group sells upholstered furniture, as well as some casegoods and other accessories, to end consumers through the retail network.

	Third Quarter Ended						Nine Months Ended
(Unaudited, amounts in thousands)	1/28/12			1/22/11			1/28/12			1/22/11
Sales
Upholstery Group	$	249,348		$	225,213		$	708,210		$	652,025
Casegoods Group		34,228			35,426			104,302			111,785
Retail Group		58,387			44,146			159,912			118,699
VIEs, net of intercompany sales eliminations		2,737			10,173			8,840			25,459
Corporate and Other		391			612			1,802			1,438
Eliminations		(28,576	)		(23,627	)		(78,778	)		(61,167	)
Consolidated Sales	$	316,515		$	291,943		$	904,288		$	848,239
Operating Income (Loss)
Upholstery Group	$	22,603		$	18,468		$	54,721		$	45,580
Casegoods Group		1,840			1,648			4,359			4,599
Retail Group		(646	)		(2,759	)		(6,707	)		(12,043	)
VIEs		596			(1,130	)		959			(3,842	)
Corporate and Other		(7,373	)		(6,235	)		(20,591	)		(20,613	)
Consolidated Operating Income	$	17,020		$	9,992		$	32,741		$	13,681